Definition of Payment
Payment
pay·ment
Definition/Meaning
(noun)
the action or process of giving someone compensation for something, typically in the form of money, or the action or process of being thus paid;
e.g. She arranged the payment of her bill.
(noun)
something that is given or paid, an amount that is to be paid;
e.g. If you give us a small payment, we can do this job for you.
(noun)
something that is offered in return for something else, such as a compensation or reward;
e.g. She treated them to dinner as payment for all of their help.
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